I understood that stop hunting existed only because traders are putting in big orders around where people might put their stops, and maybe that is the case, but today I saw something that has never happened to me before. The spread literally jumped to 6 pips on one trade, and 8 pips on the other (more than double the normal spread on both). CRAZY!
I immediately checked the Ask price candles, and it didn’t even demonstrate this jump until the candles closed, and then the candles added wicks; not sure what that is about but it seems ruthless as hell if not unethical. So yeah, going to have to beat the temptation not to use stops because I already learned that lesson long ago
And yes, both of these trades ended up going in the direction that I had theorized.